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Non-Tech : Metabolix [MBLX] a Full Disclosure Thread -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (49)3/4/2008 3:07:16 PM
From: Sam Citron  Read Replies (2) | Respond to of 78
 
Today MBLX hit a new yearly low ($14.85) and is getting closer to becoming just another broken IPO. I have seen no significant news since the prospectus. It has been and will remain a development stage company for some time to come. Everything depends on their transition from using expensive to corn to cheap cellulose as a feedstock for biodegradable plastics and energy.

I have been long and short in the past, but have no present position in the stock. Given the state of investor sentiment, it is not surprising to me that most speculators have fled these shares, not for "greener" pastures, but for more traditional energy and agricultural stocks that are making profits in today's uncertain environment. Perhaps a leadership change in the White House may provide the next catalyst to move MBLX higher, with a change in environmental and energy policy. Until such a change occurs, it wouldn't surprise me to see MBLX trade in single digits, given the financial climate and investors tendencies to throw babies out with the bathwater.

Sam